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Investors Unconvinced, Despite Strong Quarterly Revenues

By

Kristina Peterson

Updated July 27, 2010 12:27 p.m. ET

NEW YORK--U.S. businesses are having a hard time hammering home the message that earnings and revenue are strong.

A third of the way through second-quarter earnings season, a tally of the performance shows that the majority of companies are beating analysts' estimates on profits and a slightly slimmer majority are beating revenue expectations. But the steady pattern of weak data on the U.S. economy is undercutting the conviction of...